Suppose that the equilibrium price of apples decreases, and the equilibrium quantity of apples increases. This is best explained by

One reason the demand curve slopes ______ is that as prices fall ______.

If individuals are rational, they should choose actions that yield the

A demand curve is ______ sloping because ______.

Refer to the accompanying figure. At a price of $9, there will be

A seller’s reservation price is generally equal to

Suppose you have one hour to catch a flight to Miami for spring break, and it takes 45 minutes to drive to the airport. Your car is almost out of gas and the price of gas at the closest gas station is higher than at other gas stations that are much farther away. To you, the price elasticity of demand for gas is likely to be ______ than it would be if you had several hours before the flight.

Refer to the accompanying figure. Suppose the solid line shows the current demand for coffee. In response to a news story explaining that coffee causes heart disease, you should expect

Teaching for a patient receiving a thyroid replacement drug includes:

The physician explains that side effects of the corticosteriod may include